whatever happened to Maverick74

Quote from nitro:

I met John a couple of times. We were both for a brief time 50 feet from each other in Merril Lynch offices.

I don't know what happened to him. I do know that something on the order of 50% of option traders (some of them good traders) were decimated during the volatility of mid to late 2008.

People on ET think that trading is some endless stream of cash year in and year out. Most traders I know have blow out their accounts at some point in their career. You lock and reload. If you blow your net worth, that is a different story.
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Often Maverick74 would make insightful comments re Options but as happens so often here on ET some of the replies were from people who were obviously "off their meds". Fortunately I've been heavily involved in non market enterprises over the last 2 years which kept my risk profile comfortable, but did watch a number of friends (Options Writers) get hit fairly hard. For them they simply "had to adjust their expectations". At the moment they are chipping away at the coal face waiting for their chance. As we all should know, there is a time for everything and everything in it's time. They will be back making the big bucks at some point! Hopefully Mav will chime in and let us know what he's up to sometime.

Best Regards

Johno
 
Quote from tango29:

I had asked about his branch at one point and he answered my questions, offered me the chance to come down and talk to him and recommended Logical Trader. Very nice guy I'd say. I have adapted some of the ACD for my own trading, and have been working on refining it further. Like too many things I need to sit and really get down what I want to refine, and test it out. I hope all is going great for him and his firm.
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Hi Tango29,
I have no idea what ACD or Logical Trader is, would it be possible to give at least a broad outline?

Best Regards

Johno
 
Quote from Johno:

Hi Tango29,
I have no idea what ACD or Logical Trader is, would it be possible to give at least a broad outline?

Best Regards

Johno
More...
Here's from Amazon:
From the Inside Flap
For over fifteen years, Mark Fisher has taught thousands of people–from traders on the floors of major exchanges to individual investors in front of computer screens–how to trade stocks, commodities, even currencies, using his highly successful and innovative ACD method. Now, in The Logical Trader: Applying a Method to the Madness, Fisher will teach you how to use the ACD method to trade more effectively and profitably than ever before.

The Logical Trader opens with an in-depth discussion that outlines the basics of the ACD method–plotting particular price points in relation to the opening range–and shows you how this method allows you to gain reference points against which to trade the "A" and "C" points for entry and the "B" and "D" points as stops. You’ll also learn about pivot ranges and how you can combine them with ACD to maximize position size while minimizing your risk.

Along the way, Fisher discusses some very important psychological issues–No Ego, Gaming Theory, and The Concept of "Next!"–that, when combined with ACD, can be adapted to any trading style or methodology. After a question-and-answer section designed to assess what you’ve learned in the first half of the book, The Logical Trader continues to show you how to use the ACD method in tandem with other trading tools by:

Exploring strategies using pivot moving averages, such as moving average fake-out (MAF) and moving average divergence trades (MAD)
Discussing various trading strategies that allow you to exit trades at the optimal time
Highlighting trading stories that involve risk management strategies
Step by step, The Logical Trader will show you how to use the ACD method to calculate the prices above which you’d want to be long and the prices below which you’d want to be short. Using other indicators and measures, which are layered on top of the ACD base, you’ll also learn how to construct a trading plan based upon prevailing prices and market activity.

As long as the market you are trading has sufficient volatility and liquidity, you can use the ACD method for everything from ultra-short-term day trading to longer-term position trading. Whether you’re a novice trader or you’ve been at it for years, you’ll find that the ACD system has something to offer you and your style of trading. Filled with real-world stories, accessible examples, and anecdotes of traders who have successfully used this method, The Logical Trader fully explains the ACD method and shows you how to get the most out of it.


I can't remember where I bought it, but I paid less than what Amazon is showing currently. I integrated with the trading plan I all ready had, and it offered some refinement and a couple of additional trades a day for me. I don't use it specifically as described and it does require some of your own research on the markets, or equities you are trading. I also have made slight changes to numbers I use in one of the calculations, and think you need to need as markets change..
 
Quote from tango29:

Here's from Amazon:
From the Inside Flap
For over fifteen years, Mark Fisher has taught thousands of people–from traders on the floors of major exchanges to individual investors in front of computer screens–how to trade stocks, commodities, even currencies, using his highly successful and innovative ACD method. Now, in The Logical Trader: Applying a Method to the Madness, Fisher will teach you how to use the ACD method to trade more effectively and profitably than ever before.

The Logical Trader opens with an in-depth discussion that outlines the basics of the ACD method–plotting particular price points in relation to the opening range–and shows you how this method allows you to gain reference points against which to trade the "A" and "C" points for entry and the "B" and "D" points as stops. You’ll also learn about pivot ranges and how you can combine them with ACD to maximize position size while minimizing your risk.

Along the way, Fisher discusses some very important psychological issues–No Ego, Gaming Theory, and The Concept of "Next!"–that, when combined with ACD, can be adapted to any trading style or methodology. After a question-and-answer section designed to assess what you’ve learned in the first half of the book, The Logical Trader continues to show you how to use the ACD method in tandem with other trading tools by:

Exploring strategies using pivot moving averages, such as moving average fake-out (MAF) and moving average divergence trades (MAD)
Discussing various trading strategies that allow you to exit trades at the optimal time
Highlighting trading stories that involve risk management strategies
Step by step, The Logical Trader will show you how to use the ACD method to calculate the prices above which you’d want to be long and the prices below which you’d want to be short. Using other indicators and measures, which are layered on top of the ACD base, you’ll also learn how to construct a trading plan based upon prevailing prices and market activity.

As long as the market you are trading has sufficient volatility and liquidity, you can use the ACD method for everything from ultra-short-term day trading to longer-term position trading. Whether you’re a novice trader or you’ve been at it for years, you’ll find that the ACD system has something to offer you and your style of trading. Filled with real-world stories, accessible examples, and anecdotes of traders who have successfully used this method, The Logical Trader fully explains the ACD method and shows you how to get the most out of it.


I can't remember where I bought it, but I paid less than what Amazon is showing currently. I integrated with the trading plan I all ready had, and it offered some refinement and a couple of additional trades a day for me. I don't use it specifically as described and it does require some of your own research on the markets, or equities you are trading. I also have made slight changes to numbers I use in one of the calculations, and think you need to need as markets change..
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Years ago I was daytrading index futures using concepts that appear similar, although these days my approach is totally different, longer term and focuses on Index Futures Options. No doubt my current approach to some degree evolved from pivot based trading.
Thanks for the info.

Best Regards

Johno
 
Hello guys. I left ET awhile back because this site really has gone to hell. And quite frankly, some of the individuals on this site scare me. There are a few good people here and I have been fortunate enough to meet them in person.

I rather talk about the markets over beers at Ceres outside on a nice day then chat on an internet message board. I'm always up for a few drinks if anyone is interested. But my ET days are pretty much over. Good luck guys.
 
Quote from Maverick74:

Hello guys. I left ET awhile back because this site really has gone to hell. And quite frankly, some of the individuals on this site scare me. There are a few good people here and I have been fortunate enough to meet them in person.

I rather talk about the markets over beers at Ceres outside on a nice day then chat on an internet message board. I'm always up for a few drinks if anyone is interested. But my ET days are pretty much over. Good luck guys.
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Coming from the guy that spent his entire day (2003) in the "Politics and Religion" forum supporting and defending George Bush with an almost maniacal fervor . . .

http://www.elitetrader.com/vb/showthread.php?s=&postid=394373&highlight=Bush#post394373

that must have been one helluva "12-step" program! :D
 
Hey Mav

ET has gone downhill for sure

Please check your PM.

Meanwhile I would be glad to meet for a beer, on me of course. I'm right near the World Financial Center.

DG
 
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